News, page 30

The countries of the European Union have recently agreed to tighten the policy of issuing visas to the EU countries for Russians. This will undoubtedly make it more difficult for Russians to enter the union’s countries and significantly raise the cost of this type of registration. However, this agreement will not only affect the Russians but will also be a blow for countries like Spain, whose economy partially relies on a steady inflow of foreign investment. This is especially true for sectors such as tourism and real estate. ...

According to the latest analysis of the Spanish real estate market, the autonomous community of Andalusia is the national leader in the number of residential vacation rental properties. About 24% of all Spanish homeowners provide such options to the market in the region. Andalusia is followed by Catalonia (16%), Valencia (13%) and Madrid (12%). According to the report of the Fotocasa real estate portal, the number of residential properties for tourist holidays is decreasing in Spain. In comparison, between 2022 and 2021, there is a...

When inflation in Spain exceeded 10%, the incomes of the population did not keep up with this level. This population has no choice but to calculate savings and divide expenses among as many people as possible. For example, with the rise in the price of gasoline in recent months, which costs about €2 per liter, it is expensive for many people to travel by car without carshering or finding companions. They need to find people to share fuel costs. And the real estate market requires the same sharing and is actively developing....

Today, the real estate market in the Balearic Islands is experiencing one of the best periods in recent years. The growing number of remote workers, combined with other consequences of the COVID-19 pandemic, has increased the interest of property buyers in living in "idyllic" places, remote and spacious houses. In Spain, the islands of Majorca, Menorca and Ibiza are of the greatest interest to national and international buyers with similar needs. They have unique features for the Mediterranean, attracting diverse demand from foreign...

The Spanish Buyers and Consumers Organization (OCU) surveyed residents from 15 major cities in the country to determine their quality of life. The organization has an interesting list of the most comfortable regions to live in modern Spain, in which Vigo unexpectedly ranks first, while the capital of the country was only in 6th place. The main factors in the rating were cultural and sports leisure, reasonable cost of living, developed infrastructure, including for children, public transport and mobility, digitalization, climate and...

The National Association of Real Estate Agents of Spain (ANAI) signed a cooperation agreement with Colombia and Ecuador during the 7th Latin American Real Estate Congress. The main goal is to promote the free movement of investments and synergies in this sector on both sides of the Atlantic. This is not the first step that ANAI is taking to gain a foothold in the South American real estate market. Similar agreements have been concluded in Guatemala, Peru and Argentina. In addition, Costa Rica is expected to join this list. Anna...

Although prices for luxury residential real estate continue to rise around the world, in the largest cities of Spain, prices are growing much slower than the global market average, determined by the world’s largest megacities. According to the latest report "World Cities Index for Premium residential real estate" published by the consulting company Savills, in the first half of 2022, the Spanish cities of Madrid and Barcelona showed the most restrained growth in both rental rates and premium property prices among other global markets...

The long-anticipated new global economic crisis has begun to take shape. Recent data on the economic state of the People's Republic of China indicate a slowdown in economic growth in the last (II) quarter, which was only 0.4%. Although this step for the Chinese economy is planned by the government, it still affects the global economic system. Analysts are concerned about the situation in China's real estate sector, which may collapse due to the huge debt of companies and problems in the pipelines of the largest construction companies...

According to the National Institute of Statistics of Spain (INE), in the first half of 2022, the average cost of opening a mortgage loan in annual terms grew by 23%. Nevertheless, residential property sales continued to grow by 18.8%. Against the backdrop of an ever-growing market, more and more people are wondering whether a new "bubble" threatens the real estate market in Spain? Almost half of the Spanish polled by Fotocasa Research reported fears about the future of the Spanish market. In the report "An inside look at the real...

The Spanish real estate market continues to break records. According to the National Institute of Statistics of Spain (INE), sales of residential real estate only in the first month of the summer period (June) showed an annual growth of 18.8%. This has not happened since 2007. A total of 58,010 deals were concluded. At the same time, Spain's economic performance is not so positive and bright. In July, employment declined for the first time in 11 years. Many households are losing their purchasing power, and those with savings are...